Nevada Corp vs. Hawaii

Nevada vs. Hawaii Incorporation Comparison

Though Hawaii has an estate tax, they have no franchise tax, tax on corporate shares, gift tax or unitary tax. Still their poor ranking in the Tax Foundation’s Personal Income Tax Ranking Index of 43 comes from their 8.25% personal Income Tax. The state is better than average when it comes to Corporate Income Tax which varies, but earns Hawaii a Corporate Tax Index Ranking of 9. Nevada has no Corporate or Personal Income Tax. Nevada incorporations can save a lot in the long run thanks to the states strong asset protection policies. See below for a comprehensive list of the advantages of incorporating your business in Nevada over Hawaii.